🔒 Alec Hogg: Tesla may be ringing market’s bell
‘Tesla’s shares dropped a few percentage points to $632 a share on the news. Considering it was below $100 only a few months ago, that’s barely a blip’.
Donald Gordon
Donny Gordon’s legacy – backing genius can deliver huge rewards
Ken Romain’s 1989 book notes that each R1,000 invested with Donald Gordon at Liberty’s creation in 1958 had then grown to R4.2m – 31% compounded growth for 31 years.
Donald Gordon’s creative spirit lives on; 5yo Brightrock sparkles, API +72%
Since Brightrock’s inception numbers show a business in rude health. With 500 000 lives insured and annual premium growth of 72%, it’s another credit to Sir Donald Gordon’s example – his spirt of free enterprise.
Liberty expanding in Africa, especially Nigeria – retrenching at home in SA
Liberty wants to expand further in Nigeria as profit from its operations across the continent rises, outstripping sluggish growth in South Africa, where it has reduced its headcount.
Natie Kirsh of Jetro, worth R91bn, top of 8 SAs on UK’s 2015 Rich List
There are eight South Africans on the table of 2015 Rich List ranking the 1 000 wealthiest in the UK. Not all are people who immediately spring to mind.
SA’s hidden advantage just begging to be called on
After last week’s Springbok performance, being South African in Ireland this week hasn’t been easy. Thankfully, seeing Gail Kelly in the headlines provided some relief.
Irrational exuberance – Greenspan’s term aptly describes JSE heavyweights circa 2013
There’s much to be said for personal experience. My first stock market bubble was in 1987. Things were so crazy back then that my employer, Prescon, ran a daily share tipping service. Punters would phone an answering machine which would play my recorded “tip” of the day. They paid the equivalent of R8 000 a month … Read more
Peachy listed property prospect offering guaranteed double digit yield has size on its side
Size is an anchor on growth. Especially in investments. Which is why I’m paying close attention to a small JSE-listed property stock Vunani Property Investment Fund, a well managed R1.3bn business that has a mandate to expand aggressively – but stayed out of the market during the past year because it felt prices were excessive. … Read more
Steve Jobs Bio – Part Two: True brilliance was in sweating the small stuff
Baruch Lurie was spot on. In a comment posted beneath my first review he said the Steve Jobs book started slowly. But from page 150 he was “totally engulfed.” Ditto for me. If those first few chapters were a titbit, the next couple hundred pages have been like Sunday’s roast after a long walk and … Read more